[Costs of Saudi Arabia's Neom green hydrogen mega-project soar by $3.5 billion] Budgets for the Neom green hydrogen mega-project, which will tap vast green energy capacity, have soared 70% to $8.5 billion, according to a financial update from co-developer Air Products. Inflation, spare parts, land upfront costs and interest on a $1 billion loan all contributed to the $3.5 billion budget increase the company is developing in the deserts of northwestern Saudi Arabia with partner ACWA Power, a Saudi renewable energy development Merchant and Neom. Editor/Xing Wentao

Click to see more live >>

• 2026.06.05 11:27
• [Construction of Dabancheng Pumped Storage Power Station begins]
• In June 2026, the hydropower unit under China Communications Construction Corporation won the bid for the key section of the construction period of the Dabancheng Pumped Storage Power Station in Xinjiang. The total investment of this project is 11.4 billion yuan, and after completion, it will significantly enhance the regional new energy consumption capacity.Editor/Gao Xue

• 2026.06.05 11:23
• [The growth of coal transportation from Xinjiang to other regions]
• In the first five months of 2026, the railway freight volume in Xinjiang exceeded 100 million tons, including over 41 million tons of coal transported from Xinjiang, a year-on-year increase of 9.1%. The railway department precisely allocates transportation capacity to ensure stable energy supply.Editor/Gao Xue